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funding gap emerging markets
India

Prayas 6

  • Milaap
  • Invest in a Financial Institution
  • + 68 other investors
  • With EUR 28,400 around 140 women can expand their business activities and increase the income of their family.

    €28,400
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€28,400
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 8 days on 24 May 2017.

      Summary

      Jhabua in Madhya Pradesh is home to several tribal communities or locally known as ‘Adivasis'. Since time immemorial, Adivasis have been victims of abject poverty, with their livelihood depending solely on agriculture and allied activities. And yet, a lot of these communities had to bear the brunt of the construction of the Sardar Sarovar Dam, leaving them displaced and deprived of their means of livelihood, which continues to be mainly Agriculture even today. With one of the lowest literacy rates in the country, most children study till middle-school level here. In the district, 15-20 villages often have one common school. 

      Households in these villages have an average size of 5, sustaining on a meagre average monthly income of $95. In addition to farming, women of the community are engaged in tailoring, accessory making and petty shop businesses. The Adivasis sell a considerable amount of the local produce in ‘haats’ or local bazars including jowar, bajra, maize, sesame, groundnut, onions and potatoes as well as jewellery, hair accessories etc. The men most often migrate to nearby towns for better job opportunities- often an unhappy transition. Mobile networks are scarce in these villages and phones are mainly bought to keep in touch with family members who have migrated to other areas for work. 

      Being remotely located, water, electricity and transportation problems plague the inhabitants. However, even in the face of such issues, these Adivasis are unrelenting and seek to change the narrative of gloom which surrounds the community. The resolute women want to start or expand their business in the hope of a better future.

      Company namePrayas 6
      CEOBhadresh Rawal
      Founded1997-01-01
      LocationGujarat
      SectorFinancial services
      Turnover€408,801.33
      Employees108

      Impact

      Milaap is the largest crowdfunding platform in India, enabling stories of hope, courage, and change. They provide credit services to the poor and excluded to help them to work themselves out of poverty.

      Milaap partners with a range of credit-worthy field partners who hold a strong social mission. They grant loans for energy projects, water access, artisan supply chains, and more, mostly in rural areas. Many of their projects empower women entrepreneurs, mainly providing working capital to women with a weaving enterprise, small shops, or handicrafts.

       

      SDG’s impacted

      With this project you are contributing to the following Sustainable Development Goals:

      SDG 1. No poverty

      SDG 3. Good health and well-being

      SDG 5. Gender equality

      SDG 6. Clean water and sanitation

      SDG 8. Decent work and economic growth

      SDG 10. Reduced inequalities

      Read more about the impact you can make through our platform and the SDGs on our impact page.

      • With this investment 12 jobs are created
      • With this investment 48 lives are improved

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      We have already contributed to Prayas 6

      Bastiaan Kommers
      Onno Oostveen
      Elke Krekels
      Gert Mosterd
      Leendert Smit
      + and another
      68
      investors